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Hainan records steady economic development in past 7 months

ehainan.gov.cn | Updated: 2021-09-07

From January to July this year, Hainan focused on the construction of the Hainan Free Trade Port and continued to promote economic development. The city's investment structure has been further optimized, the consumer market grew rapidly, and the industrial production has been improved.

During the past seven months, the province's completed investment in fixed assets increased by 18.9 percent year on year. The total retail sales of consumer goods reached 20.35 billion yuan ($3.15 billion) in July, a year on year increase of 20.7 percent. Meanwhile, the catering industry continued to grow rapidly with an 82.5 percent year on year cumulative growth from January to July this year.

From January to July, the province's industrial value added for companies above designated size increased by 11.5 percent year on year.

In July, the province's water transport cargo turnover increased by 1.9 times year on year; the civil aviation passenger turnover increased by 48.9 percent year on year; and the total postal business volume increased by 13.5 percent year on year.

At the end of July, the province's financial institutions' domestic and foreign currency deposit balances were 1.07 trillion yuan, an increase of 4.2 percent over the beginning of the year; and the domestic and foreign currency loans balances were 1.02 trillion yuan, an increase of 2.4 percent over the beginning of the year.